He Senator of the Democratic Center party, Miguel Uribe Turbayfiled a alternative presentation to establish the General Budget of the Nation for the year 2025.
This initiative by the opposition congressman proposes an amount of 488 billion pesosthat is, 35 billion less than the National Government proposal of 523 billion pesos. Of these, 476 billion corresponds to the income that the State would receive.
(Besides: Financing bill would extend high debt levels for longer).
It is worth mentioning that the government proposal has until September 25 to be discussed in the first debate by the Senate of the Republic and the House of Representativesotherwise it would be approved by decree.
Miguel Uribe Turbay.
Cesar Melgarejo / The Time
The filing of the alternative text occurs in a context in which there has not been much support in the legislature for the amount suggested by the Government, as well as for the financing lawwhich would seek to raise the 12 billion pesos missing that, according to the Ministry of Finance and the National Planning Department (DNP)are necessary to guarantee investment in the country’s peripheral regions, as well as to combat poverty.
(We recommend: Citizen Income: How do I know if I have a pending transfer to claim?).
Both entities mention that Making cuts would result in a decline in the growth possibilities of these sectors of society and in greater difficulty in closing the social gap..
(You can read: How do I know if I have already received the 2024 VAT Refund payment?).
The disagreement between congressmen and delegates of the Casa de Nariño continues, even though this discord led to the first deadline for the economic commissions to define the amount of spending in the Budget being passed on September 15, so September 25 was established as the new deadline to approve the Government’s initiative. Even with the demands of unconstitutionality that the project faces.
The alternative presentation, in detail
The proposed spending amount for 2025 is 488 billion pesos. This is equivalent to a 1% increase compared to the 2024 PGN. Taking the calculations of the Autonomous Committee of the Fiscal Rule (Carf)with respect to the government’s proposal, the proposal proposes to reduce the amount of the budget in 34.6 billion pesos.
(You may be interested in: Banrep warns that its manager has not talked about being re-elected).
“This is a budget that seeks to reduce the bureaucratic apparatus. I propose to reduce the amount allocated to operations by 5% compared to 2024, the equivalent of 14 billion pesos.“, said Senator Turbay.
Investment destined for sectors such as infrastructure, housing, sports, health, education, and mines and energy increases with respect to 2024. Likewise, The increase in the proposed investment amount is 1%, equivalent to one billion pesos..
PORTFOLIO
